Kraken has launched CFTC-regulated crypto perpetual futures for eligible U.S. traders through its newly acquired Bitnomial platform, bringing the world's most-traded crypto derivatives product under U.S. regulatory oversight.

John Palmer, head of derivatives at Kraken, said he expects sophisticated traders to lead adoption of newly approved U.S. perpetual futures, with broader institutional…

Kraken completed its acquisition of the fully CFTC-licensed exchange, clearinghouse, and brokerage Bitnomial in May.